Cboe- and Citadel-Backed Group Sues CFTC Over US Stock Perpetual Futures Approval
Key Highlights The Commodity Futures Trading Commission (CFTC) is facing a legal challenge alleging it violated the Administrative Procedure Act by authorizing perpetual futures on individual U.S. stocks. CFTC Chairman Michael Selig authorized the novel derivatives under the Commodity Futures Modernization Act of 2000, creating dual regulatory oversight with the SEC to repatriate trading activity ...
